Landis+Gyr Continues Strong Growth

Atlanta, GA. – Jan. 19, 2016 – Landis+Gyr, the global leader in energy management solutions, reported substantial growth in new business for North America during 2015, signing 44 contracts for smart grid technology and services throughout the continent.

“It was a landmark year in many ways for our business,” said Prasanna Venkatesan, Executive Vice President of the Americas at Landis+Gyr. “Not only did we see success on many large projects, we continued to support the needs of public power utilities and emerging markets, all while further developing our load management, energy storage and analytics portfolio. Our banner year in signing customer contracts is further evidence of our industry-leading offering and capability. These awards all share one common theme, solving complex utility customer challenges.”

New contracts in 2015 primarily are for AMI network deployments, but also included software and smart grid services. These agreements represent awards ranging from investor owned utilities to municipal cooperatives over the next decade, and support a wide range of applications ranging from analytics and load management to distribution automation. These advanced energy technology offerings are essential elements of a smarter grid

Landis+Gyr also reached significant milestones in projects with Tokyo Electric Power Company (TEPCO), Hydro-Québec and Light in Brazil. The deployment of Gridstream® AMI at TEPCO surpassed 3 million advanced meters in its first full year. When complete, the 27-million-meter deployment will be the largest advanced metering deployment in the world, reporting 1.3 billion interval meter reads per day on Landis+Gyr’s open standards-based network and software.

In October, the successful completion of the Gridstream AMI deployment at Hydro-Québec was celebrated two years ahead of schedule. This project included deploying an RF mesh network and 3.6 million advanced meters throughout the province of Québec. The project at Light includes 1.1 million advanced meters in the city of Rio de Janeiro, and is now approaching one quarter of the way complete following the first full year of deployment.

“We’re excited about the possibilities for 2016. There is more innovation happening in the utility space than ever before,” Venkatesan said. “As we continue to broaden our Gridstream solution offerings, we are seeing a strong response that utilities are ready to focus on the next wave of benefits from smart grid technology.”

About Landis+GyrLandis+Gyr is the leading global provider of integrated energy management products tailored to energy company needs and unique in its ability to deliver true end-to-end advanced metering solutions. Today, the Company offers the broadest portfolio of products and services in the electricity metering industry, and is paving the way for the next generation of smart grid. With annualized sales of more than US$1.5 billion, Landis+Gyr, an independent growth platform of the Toshiba Corporation (TKY:6502) and 40% owned by the Innovation Network Corporation of Japan, operates in 30 countries across five continents, and employs 5,500 people with the sole mission of helping the world manage energy better. More information is available at landisgyr.com.

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